Updates from the Furman Center »
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Furman Center Mourns Death of Herbert Z. Gold
The Furman Center for Real Estate and Urban Policy mourns the death of longtime friend and supporter Herbert Z. Gold, who died on November 25th at the age of 96. A graduate of the NYU School of Law, Herb was a real estate developer in Rockville Centre and Long Island. Herb supported the Furman Center for many years, and most recently, his interest in and commitment to the development of affordable housing spurred him to establish the Herbert Z. Gold Affordable Housing Fellowship at the Furman Center, which was critical to the development and launch of our Subsidized Housing Information Project (SHIP) database last year. Herb’s kindness and compassion, his intellectual curiosity, and his generous spirit will be greatly missed by all who knew him.
The Furman Center for Real Estate and Urban Policy mourns the death of longtime friend and supporter Herbert Z. Gold, who died on November 25th at the age of 96. A graduate of the NYU School of Law, Herb was a real estate developer in Rockville Centre and Long Island. Herb supported the Furman Center for many years, and most recently, his interest in and commitment to the development of affordable housing spurred him to establish the Herbert Z. Gold Affordable Housing Fellowship at the Furman Center, which was critical to the development and launch of our Subsidized Housing Information Project (SHIP) database last year. Herb’s kindness and compassion, his intellectual curiosity, and his generous spirit will be greatly missed by all who knew him.
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Mark Willis Participates in American Securitization Forum Seminar
Dec. 12, 2011: Furman Center Resident Research Fellow Mark Willis served as a panelist at the American Securitization Forum seminar “Private Mortgage Finance Legislation—Rep. Garrett and Senator Corker’s Proposals.” Since the Obama Administration produced its whitepaper on GSE reform in February of 2010, Congressional leaders have been discussing the appropriate role of government within our nation’s housing finance system. Panelists discussed two draft bills from Congressman Scott Garrett (R-NJ) and Senator Bob Corker (R-TN) that would wind down Fannie Mae and Freddie Mac and drastically reduce the federal government’s involvement in housing finance.
Dec. 12, 2011: Furman Center Resident Research Fellow Mark Willis served as a panelist at the American Securitization Forum seminar “Private Mortgage Finance Legislation—Rep. Garrett and Senator Corker’s Proposals.” Since the Obama Administration produced its whitepaper on GSE reform in February of 2010, Congressional leaders have been discussing the appropriate role of government within our nation’s housing finance system. Panelists discussed two draft bills from Congressman Scott Garrett (R-NJ) and Senator Bob Corker (R-TN) that would wind down Fannie Mae and Freddie Mac and drastically reduce the federal government’s involvement in housing finance.
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Ingrid Gould Ellen and Max Weselcouch Participate in Strategic Data Use Conference
Dec. 7, 2011: Furman Center Faculty Co-Director Ingrid Gould Ellen and Data Manager Max Weselcouch participated in the Strategic Data Use to Stabilize Neighborhoods Conference in Baltimore, Maryland. Ingrid Ellen joined a panel titled “Mobilizing Grassroots Participation in Data-Driven Policy,” which explored community-based efforts to use data as a means to mobilize people, and resources to gather and analyze data and affect change. View presentation. Max Weselcouch participated in the “Data Infrastructure Blueprint” workshop, which focused on ways to prepare and use data to promote neighborhood reinvestment. View presentation. The Federal Reserve Board of Governors and The Federal Reserve Bank of Richmond hosted the conference.
Dec. 7, 2011: Furman Center Faculty Co-Director Ingrid Gould Ellen and Data Manager Max Weselcouch participated in the Strategic Data Use to Stabilize Neighborhoods Conference in Baltimore, Maryland. Ingrid Ellen joined a panel titled “Mobilizing Grassroots Participation in Data-Driven Policy, which explored community-based efforts to use data as a means to mobilize people and resources to gather and analyze data and affect change. View presentation. Max Weselcouch participated in the “Data Infrastructure Blueprint” workshop, which focused on ways to prepare and use data to promote neighborhood reinvestment. View presentation. The Federal Reserve Board of Governors and The Federal Reserve Bank of Richmond hosted the conference.
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Furman Center Launches New York City Quarterly Housing Report
Nov. 28, 2011: In an analysis of third quarter housing indicators, the Furman Center finds that home sales volume remained low in the third quarter of 2011, with the number of properties sold citywide four percent lower than the number sold in the third quarter of 2010. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, new construction indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality. View the press release.
Nov. 28, 2011: In an analysis of third quarter housing indicators, the Furman Center finds that home sales volume remained low in the third quarter of 2011, with the number of properties sold citywide four percent lower than the number sold in the third quarter of 2010. The Quarterly Housing Update is unique among New York City housing reports because it incorporates sales data, new construction indicators, and foreclosures. It also presents a repeat sales index for each borough to capture price appreciation while controlling for housing quality. View the press release.
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Max Weselcouch Testifies at New York State Assembly Hearing on Foreclosures
Nov. 7, 2011: Furman Center Data Manager and Research Analyst Max Weselcouch testified at a joint hearing of the New York State Assembly’s committees on Housing, Judiciary and Banks on mortgage foreclosures in New York. The testimony covered Furman Center research on the ongoing nature of the foreclosure crisis, the community impacts of foreclosures, and the likelihood that borrowers who undergo foreclosure counseling will receive mortgage modifications. View coverage of the testimony here.
Nov. 7, 2011: Furman Center Data Manager and Research Analyst Max Weselcouch testified at a joint hearing of the New York State Assembly’s committees on Housing, Judiciary and Banks on mortgage foreclosures in New York. The testimony covered Furman Center research on the ongoing nature of the foreclosure crisis, the community impacts of foreclosures, and the likelihood that borrowers who undergo foreclosure counseling will receive mortgage modifications. View coverage of the testimony here.
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Mark Willis Participates in AmeriCatalyst Panel Debate
Nov. 7, 2011: Furman Center Resident Research Fellow Mark Willis participated in AmeriCatalyst’s panel debate, “A Change of Hearth: Homeownership vs. Rental Housing Policy and the Fate of the REO inventory.” The panel focused on housing and rental policies that promote homeownership in the United States. AmeriCatalyst’s 2011 “Convergence: The Globalization of Housing Finance, 10 Years On,” convened top investors, regulators, bankers and academics in Austin, Texas to discuss and debate the future of the mortgage market.
Nov. 7, 2011: Furman Center Resident Research Fellow Mark Willis participated in AmeriCatalyst’s panel debate, “A Change of Hearth: Homeownership vs. Rental Housing Policy and the Fate of the REO inventory.” The panel focused on housing and rental policies that promote homeownership in the United States. AmeriCatalyst’s 2011 “Convergence: The Globalization of Housing Finance, 10 Years On,” convened top investors, regulators, bankers and academics in Austin, Texas to discuss and debate the future of the mortgage market.
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